Caspian Energy Investor ¹ 08 (283) 27 February 2008
ACCENT
AZERBAIJAN, POLAND DEVELOPING CASPIAN SEA-BLACK SEA-BALTIC SEA ENERGY COOPERATION
AZERBAIJAN IS POLAND’S STRATEGIC ALLY, PRESIDENT OF POLAND SAYS
Mutual economic relations between Azerbaijan and Poland are progressing rapidly, as huge perspectives exist in energy sector. This theme got a logical follow-up in shape of Ilham Aliyev’s visit to Poland on February 26 through 27. During his visit Presidents Ilham Aliyev and Lech Kaczynski signed a Joint Declaration.
PRESIDENTS OF AZERBAIJAN AND RUSSIA SATISFIED WITH MUTUAL RELATIONS
«STARTING 2000, OUR COUNTRIES ENTERED A NEW STAGE, STRATEGIC PARTNERSHIP», ILHAM ALIYEV SAYS
Economic ties between Azerbaijan and Russia were discussed last week in Moscow during the meeting of their presidents. «We can say with satisfaction that Russian investors put more funds in Azerbaijan’s economy», said Russian President Vladimir Putin during this meeting. Azerbaijani President was visiting Moscow within the framework of CIS Informal summit (February 22).
EXCLUSIVE
«RUSSIA WILL BE PROCESSING 12BCM OF KAZAKH GAS PER ANNUM IN 2012» GAZPROM’S EXECUTIVE
«In their time Azerbaijani institutes designed an ethane subsurface holder. But it was some 15-20 years back. It is not ruled out that in the outlook Gazprom ÎÀÎ will be working in this respect together with Azerbaijan», said Vasily Stolypin, Deputy Director General, Gazprom OAO, in his exclusive interview with Caspian Energy Investor.
CASPIAN REGION
Kazakhstan
KAZAKHSTAN GOING TO PRODUCE 114BCM OF GAS BY 2020
Apart from oil production, Kazakhstan intends to ramp up gas production as well. Kazakhstan’s long-range plans suggest ramping up gas production from 29.6bcm (2007) to 114bcm in 2020. At the same time, RoK, supported by the European Commission, is handling related environmental programs.
Turkmenistan
Iran
Russia
GAS
GAS OPEC: COMING IN JUNE
RUSSIA AND IRAN DOMINATE IN GAS MARKET
Russia and Iran do not seem to abandon the idea on building the gas OPEC. Even more, Oil Minister of Iran Golamhossein Nozari said it is time that world’s top gas producers and gas reserves holding countries come to agreement, for which the ground is ready. Final agreements are to be signed shortly, most likely during the 7th forum of 14 largest gas producing countries that will take place this June in Moscow.
NABUCCO AND SOUTH STREAM – A CLOSE PITCH
During the visit of First Deputy Prime-Minister of Russia Dmitry Medvedev to Serbia (February 25) Gazprom and Serbijagas signed the agreement on installing Serbian section of the South Stream gas pipeline. The same day Russia and Hungary agreed to lay Hungarian section of the same pipeline. However, the Hungarians are also going to take part in Nabucco project to draw Central Asian gas to Europe.
RUSSIA-UKRAINE: PENDING SOLUTIONS
The last week was remembered for gas talks between Russia and Ukraine: PM Yulia Timoshenko talked to her Russian peer Victor Zubkov and President Vladimir Putin, next day she spent almost five hours at Gazprom.
TRANSPORTATION
Baku-Novorossiysk
Turkmenistan-China
TENDERS
MINISTRIES AND AGENCIES ISSUE TENDERS
Some ministries, agencies and departments of Azerbaijan and Turkmenistan have issued tenders on procurement of goods, materials and different spare parts, etc.
EXIBITIONS
ECONOMY
SOCAR
Cooperation
Credits
Drilling
CONSORTIA
SHAREHOLDERS SHIFT ON TWO CONTRACT AREAS IN AZERBAIJAN
Nations Energy Co. Ltd. (Canada) sold its stake in two contract areas in Azerbaijan to Global Investment Energy.
COMPANIES
WORLD MARKET
OPEC EXPECTS OIL DEMAND DOWNFALL
Members of the Organization of Petroleum Exporting Countries (OPEC), whose oil ministers are meeting on March 5 in Vienna, are concerned about price downfall in 2Q due to decreasing fuel demand in view of upcoming spring.